China suspends Ant Group’s world’s biggest IPO after warning
The govt suspended the Shanghai leg of Ant Group’s $35 Bn offering
The Shanghai stock exchange will suspend the listing amid changes in the regulatory environment
The move comes after Jack Ma’s Ant Group faced increased scrutiny
China said the Ant Group will be subject to the same restrictions on capital and leverage as banks
Investors were excited about the IPO with about $2.8 trillion worth subscriptions for the Shanghai leg alone
Ant Group was eyeing a dual listing for Shanghai and Hong Kong markets
